U.S. Deficit Expected to Spike  —  WASHINGTON—The White House projected Monday that the federal deficit would spike to $1.65 trillion in the current fiscal year, the largest dollar amount ever, adding pressure on Democrats and Republicans to tackle growing levels of debt.

Word and Lyric, Giffords Labors to Speak Again  —  PHOENIX — Representative Gabrielle Giffords, an eloquent speaker before she was shot in the head last month, is relearning the skill — progressing from mouthing words and lip syncing songs to talking briefly by telephone to her brother-in-law in space.

Eat The Future  —  On Friday, House Republicans unveiled their proposal for immediate cuts in federal spending.  Uncharacteristically, they failed to accompany the release with a catchy slogan.  So I'd like to propose one: Eat the Future.  —  I'll explain in a minute.

Flake to announce Senate run  —  Rep. Jeff Flake will announce on Monday that he is running for the Senate seat being vacated by Jon Kyl, who said last week that he is retiring and will not seek reelection in 2012.  —  Flake, who like Kyl is a Republican, is expected to make his announcement …

Would Women Support Newt Gingrich for President? … It's November 2012 and voters have a choice between President Barack Obama and former Speaker Newt Gingrich.  Given the gulf between their personal lives, what's a social conservative to do?  More to the point, what would moderate and independent women do?

At Media Companies, a Nation of Serfs  —  Some of the fizz, if not a great big bubble, seems to have returned to media, depending on how you define “media.”  —  There have been reports in The New York Times and elsewhere that Facebook is now valued at $50 billion, and The Wall Street Journal reported …

Housing Crash Is Hitting Cities Once Thought to Be Stable  —  SEATTLE — Few believed the housing market here would ever collapse.  Now they wonder if it will ever stop slumping.  —  The rolling real estate crash that ravaged Florida and the Southwest is delivering a new wave of distress …

All hail the ‘Blog-Father’: Waiting for trial in 6 murders, ‘Tommy Shots’ takes to Web  —  Call him the blogging crime boss: Reputed Colombo kingpin Thomas (Tommy Shots) Gioeli has set up a behind-bars blog to portray himself as a good guy - not a wiseguy - and rant about everything …

Security Forces Deploy to Block Tehran March  —  TEHRAN — Hundreds of black-clad riot police officers, some in bullet-proof vests, deployed in key locations in central Tehran on Monday to thwart an opposition march in solidarity with the uprising in Egypt — an event Iranian leaders cheered …

Who's Unemployed?  —  Larry Mishel emails me to second my concern about Charles Plosser's blithe assertion that unemployment is about shifting workers out of construction.  As Larry points out, the BLS provides data on the previous employment of the unemployed.

Rising China Bests a Shrinking Japan  —  By CHESTER DAWSON in Tokyo and JASON DEAN in Beijing  —  China passed Japan in 2010 to become the world's second-largest economy after the U.S., a historic shift that has drawn mixed emotions in the two Asian powers: resignation tinged with soul-searching …

MAYBE MCCAIN FIGURED OUT WHO'S ON THE ‘RIGHT SIDE OF HISTORY’.... I really have retired my ongoing count of John McCain's Sunday show appearances.  I'm sure folks have gotten the point — Sunday show bookers continue to be obsessed with McCain, and they shouldn't be.

Boehner on birthers: 'It's not my job to tell the American people what to think'  —  House Speaker John Boehner (R-Ohio) said Sunday that while he believes President Obama is an American citizen and a Christian, Americans have a right to think otherwise if they so choose.